Home Blockchain Belle Bonica Luxe Corp. / BlockChain Loyalty Corp. Signs LOI to Acquire a Minority Stake in Internet Streaming Network, FOR US TV

Belle Bonica Luxe Corp. / BlockChain Loyalty Corp. Signs LOI to Acquire a Minority Stake in Internet Streaming Network, FOR US TV

by Abigail Bautista

Belle Bonica Luxe Corp. (BBLC), in its continuous pursuit of becoming a lifestyle brand, has announced its intention to acquire a 20% ownership stake in the subscription-based streaming network For US TV. This move is a strategic one aimed at expanding BBLC’s presence in new markets within the lifestyle space.

Joel DeBellefeuille, Chairman & CEO of Belle Bonica Luxe Corp., expressed his excitement about the acquisition, stating that BBLC’s vision of acquiring innovative and creative brands will attract diverse customers seeking top-quality products and services. He emphasized the importance of brand partners adhering to BBLC’s values and vision.

Svetlana Chernienko, the founder of For US TV, brings her extensive film industry insights to the table. She emphasizes the need for platforms that truly listen to people’s stories. For US TV aims to provide a space not only for showcasing Black-themed movies but also for affirming the experiences of the BIPOC LGBTQIA+ community, which often face skewed portrayals in the media.

Under the terms of the agreement, Belle Bonica Luxe Corp. will pay $600,000.00 in Consideration Shares, totaling 1,428,571 units, for the 20% ownership stake in For US TV. The closing date is expected to take place on or before October 15th, 2023.

For US TV is set to launch in late 2023 and will be available on platforms such as Amazon Fire TV, Apple TV, Roku, and Android TV. With over 300 million viewers on these platforms, For US TV aims to provide an ad-free premium experience for subscribers.

The streaming network will generate revenue through subscription-based video-on-demand, transactional video-on-demand, and product placement ads for companies seeking exposure. BBLC sees this as an opportunity to promote its subsidiaries and retain revenues in-house, targeting a large audience of 300+ million viewers.

The acquisition of a minority stake in For US TV is a significant part of BBLC’s growth strategy as it positions itself to increase revenues through geographic expansion and strategic acquisitions in line with its business philosophy and vision as a lifestyle brand.

About For US TV, it is a dynamic internet TV network offering on-demand streaming capabilities, providing viewers with access to an array of movies, TV shows, and the latest releases across various devices.

Belle Bonica Luxe Corp. (OTC PINK: BBLC) is dedicated to promoting a lifestyle of health, beauty, and wealth through the acquisition and development of creative and innovative luxury brands. BBLC aims to optimize shareholder value by sourcing revenue-generating brands aligned with its five pillars: no limits, passionate, creative, innovative, and fun.

For more information on For US TV, visit their website at www.forustvproductions.com. For more information on Belle Bonica Luxe Corp., visit www.bellebonica.com. Contact Joel DeBellefeuille, Chairman & CEO, via email at joel@bellebonica.com or by phone at 1.888.653.1268.

Investor relations can be directed to Just3 Public Relations at ir@bellebonica.com.

Disclaimer: This press release may contain forward-looking statements that are inherently uncertain. Actual performance and results may differ materially from projected or suggested outcomes due to various risks and uncertainties. The company does not assume any responsibility to update or revise past statements regarding future events unless those plans or projections have materialized differently than originally stated.

Source: Blockchain Loyalty Corp.
Source link: https://www.accesswire.com/790215/belle-bonica-luxe-corp-blockchain-loyalty-corp-signs-loi-to-acquire-a-minority-stake-in-internet-streaming-network-for-us-tv

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